The Importance of Transparency in Token Economies

One of the more tantalizing aspirations being promoting around blockchain technology is the promise of more efficient economies and systems of economic governance through the removal of human actors who cheat, lie, or game the system. Because the technology enables decentralization and its data can be immutable, the thinking goes, no single actor or group of actors should be able the stack the deck in their favor. Smart contracts can govern agreements between parties, automatically executing or declining to execute based on clear, quantifiable parameters that are visible to everyone. Such an advance could have the potential to usher in a whole new era for global economies.

For the rest of the article, please visit our Medium page at:

https://medium.com/sagewise/the-importance-of-transparency-in-token-economies-1790a1b170e9

 

Amy Wan

Amy Wan is Co-Founder and CEO of Sagewise, a dispute resolution infrastructure for smart contracts. Previously, she was a Partner at a boutique securities law firm and General Counsel at a real estate crowdfunding platform. Amy is also the founder and co-organizer of Legal Hackers LA, which programs around the intersection of law and technology; was named one of the one of ten women to watch in legal technology by the American Bar Association Journal in 2014; and was nominated as a Finalist for the Corporate Counsel of the Year Award 2015 by LA Business Journal. Amy has also worked in international regulatory and trade policy at the U.S. Department of Commerce, and was a Presidential Management Fellow at the U.S. Department of State and U.S. Department of Transportation. She holds an LL.M. in Public International Law from the London School of Economics and Political Science, a JD from the University of Southern California Gould School of Law, and a BA in Biological Sciences from the University of Southern California.

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